The Future of Global Retirement, a report by Smart

The report takes a look at how the retirement industry will develop across the globe following the coronavirus pandemic.

Smart, the retirement technology company behind Smart Pension, has launched the Future of Global Retirement report. Featuring YouGov research commissioned by Smart, the report looks at how the retirement industry will develop in countries such as the United Kingdom, Australia and  the United States in years to come, following the coronavirus pandemic.

Key findings from the report:

  • Most Brits (54%) see retirement as an event with several stages rather than a one-off event 
  • 31% of people in UK, US & Australia intend to work through their retirement
  • 39% of Brits don't understand the options available to them at retirement

And further afield in the more developed Australian and American DC retirement markets:

  • more than half (55%) of Australians no longer see retirement as a one-off event, but as a gradual transition instead 
  • 56% of Americans see retirement as an event with several stages, rather than a one-off event

Commenting on the report, Michael Watkins, director of retirement proposition at Smart, said: 

“With the global retirement market worth $47 trillion, we’ve looked at how savers have seen their retirement plans change due to the COVID-19 pandemic. Our report shows that innovation in retiretech will be vital to support the evolving needs of savers in three of the largest DC pensions markets in the world in an industry that has historically been slow to change.”

Download the full report: https://www.smart.co/future

For more information visit: https://www.smartretire.uk/

About Smart

Smart is a global savings and investments technology platform provider. Co-founded in 2014 by Andrew Evans, Group CEO, and Will Wynne, Group MD, it is one of the UK's largest providers of workplace pensions. Its award-winning master trust, Smart Pension, is overseen by independent professional trustees.

In 2020 Smart Pension was named Master Trust Offering of the Year at the Pension Age Awards. Other awards include DC Master Trust of the Year, DC Innovation of the Year and Retirement Innovation of the Year in the 2019 UK Pensions Awards. Smart Pension was also named European Pension Fund of the Year 2019 in the European Pension Awards.

Legal & General Investment Management (LGIM), J.P. Morgan, Link Group, Natixis Investment Managers,Barclays and Chrysalis Investments are all investors in Smart.

We tweet as @SmartPensionUK.

For media enquiries

Contact the Smart press office on 020 8016 2553 or email pressoffice@smartpension.co.uk